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Search Results 0 to 49 of about 262 (some duplicates have been removed)
in 1986 but are staring us in the face today. first, a much larger and much more dangerous deficit and second, a dramatic increase been income and inequality. old-style tax reform could make both conditions worse. but don't dismiss the old framework lightly. credit for the 1986 reform law belongs to democrats like bill bradley in the senate. just as much as to president reagan. as a member of the house back then, i not only voted for it, but i whipped the votes to make sure it passed. i was on the committee set up by dan rostenkowski to get it done. the approach made a good deal of sense at the time. then, as now, the code was littered with egregious loopholes that needed to be reformed. recall the so-called passive law schools that were in place back then. they allowed wealthy taxpayers to gain the system. someone could invest in a bowling alley and then, if the bowling alley lost money, they could take a write off many times larger than their initial money incestment of their entire income tax liability. we need to get rid of such a gimmicky tax shelter. paring these loopholes al
president four years. you said you would cut the deficit in half. we still have trillion dollar deficits. >> five weeks before the election, he says his big bold idea is, never mind. >> if there is any good news for the president after the debate is that the unemployment rate dropped below 8% from 8.1%, to 7.8%, the lowest since he took office. jonathan martin was on the ground for the debate in denver. you say romney took the debate stage with the top republican verging on panic. did this turnaround for them? >> they are backing away from the edge. there is no question that this was a make or break moment for governor romney. if he had not shown up like he did in denver, you would have seen a really ugly scene here. a lot of folks in his party would have backed away from him. this puts him back in the game, it restores confidence among other people running for the house and senate this year who are now happy to be seen with him. it gives them a real boost when they desperately need it. he still has problems and a lot of swing states. this puts them back in the game, it turns around the
to deficit reduction rather than tax breaks for the wealthiest americans. charles schumer was speaking at the national press club in washington about the fiscal cliff, those expiring tax and budget cuts that go into effect in january. this is just under an hour. >> good morning. we're starting right on time today. i want to thank you for coming. i want to take up those of use who are joining us on seemed span. i am a member of the newsmaker committee of the national press club. on behalf of the national press club, we are honored to have charles schumer. the senator will address the topic of tax reform, and i want to say this is an appropriate tax -- topic. time, theus' prevailing idea was that there were dragons just over the horizon. columbus thought he could find a new route, and today we will be exploring new routes to tax reform. the senator will talk for approximately 25 minutes, and and it we will open up the news conference to questions. senator? thank you for that timely introduction. i want to thank the national press club. here is what i said yesterday -- [speaking italian]
the deficit is to cut off funding for pbs. this has become a full-fledged thing in the campaign now. the obama campaign today releasing this 30-second ad specifically on the issue of big bird. it's a sarcastic ad hitting mitt romney for being tough enough to take on this yellow-feathered fellow. and president obama has now fully incorporated the big bird line into his stump speech. >> for all you moms and kids out there, you should have confidence that finally somebody is cracking down on big bird. elmo has been seen in a white suburban. he's driving for the border. oscar is hiding out in his trash can. we're cracking down on um. governor romney's plan is to let wall street run wild again, but he's going to bring the hammer down on "sesame street." >> president obama now having lots of fun with this out on the campaign trail. but as a policy matter, it's sort of a serious thing. when mr. romney was asked during the debate how he would make the math work, he wants to be seen as the math ticket, how would you make the math work? how would you pay for the increase in defense spending? how would y
toomey how the deficit is going to play a role in the depate. he was a member of the super committee. plus memorable moments from past vice presidential debates like this one from 1988. >> senator, i served with jack kennedy, i knew jack kennedy. jack kennedy was a friend of mine. senator, you're no jack kennedy. hey. hey eddie. i brought your stuff. you don't have to do this. yes i do. i want you to keep this. it'd be weird. take care. you too. [ sighs ] so how did it go? he's upset. [ male announcer ] spend less time at gas stations with best in class fuel economy. it's our most innovative altima ever. ♪ try this... bayer? this isn't just a headache. trust me, this is new bayer migraine. [ male announcer ] it's the power of aspirin plus more in a triple action formula to relieve your tough migraines. new bayer migraine formula. [ male announcer ] why do more emergency workers everywhere trust duracell...?? duralock power preserve. locks in power for up to 10 years in storage. now...guaranteed. duracell with duralock. trusted everywhere. extra curricular activities help provide a
keeping his $5 trillion tax cut deficit -- new deficit neutral. no cost to the deficit and cutting $5 trillion mainly for the wealthy. let's watch. >> with regards to that tax cut, look, i'm not looking to cut massive taxes and to reduce the revenues going to the government. my number one principle is there will be no tax cut that adds to the deficit. i want to underline that. no tax cut that adds to the deficit. >> paul ryan just days before the debate last week directly contradicted romney. ryan said lowering the tax rates was more important than anything else, including getting rid of those deductions to pay for them supposedly. let's watch. >> what's most important to romney, what would he scale back on the 20% tax cut for the wealthy? would he scale back and say, okay, we're going to have to raise taxes for the middle class? i guess the question is what's most important to him in his tax reform plan -- >> keeping tax rates down. by lowering tax rates, people keep more of the next dollar they earn. >> that's more important -- >> that's more important than anything. >> in other wor
not how we tackle our deficit. >> the pressure now mounting on joe biden with the kentucky clash just over 24 hours away. can he seal the deal or is he facing a mission impossible? even with the a-team linking arms the president's campaign is sticking by its own balance plan and calling reinforcements to gear up. >> i would tell them to take whatever nervous energy they have and whatever hand wringing they will do over the next 24 to 48 hours and put that into a real effort to get this president re-elected. the president can't do it by himself. >> obama has to stand and deliver and nobody can do it for him. >> can the president recover? >> right. >> can he come back and be president on the stage with the contender mitt romney? >> how great is it for barack obama, look at this positively, he's the underdog now. the president of the united states is now the underdog. >> mitt romney will be stump thing hour in battleground ohio with the fiery surrogate chris christie who will be bringing what some on the left call his own jersey shore brand of gtl. go tell lies. meanwhile, romney's
paying for governor romney opposed tax plan either means going up the deficit or raising taxes on middle-class family. one or the other. then last week mitt romney actually said there's no economist who can say mitt romney's tax plan is $5 trillion. he says that if he says it's not true then it's not true. ok. [applause] it's true then it will not add to the deficit, that leaves one option, asking middle-class families to get rid of the deduction they get for having a home or raising their kids or sending them to college. most folks don't like that idea either. just last week when we were on stage together governor romney decided that instead of changing his plan he would just pretended did not exist. what $5 trillion tax cut? i don't know anything about a $5 trillion tax cut? when he is asked how he will cut the deficit, he says economic the mathematics work by eliminating public funding for pbs. this is not new. this is what he has been saying every time he is asked a question. he says we can cut out pbs. for all you moms and kids, don't worry, somebody finally has found out the big bi
means blowing up the deficit or raising taxes on middle-class families. one or the other. pick your poison. last week, mitt romney said, there is no addition to the deficit with my tax plan. if he says it is not true, then it is not true. ok. it is true that it is not going to add to the deficit, that leaves only one option. that is asking middle-class families to foot the bill by getting rid of the deductions for owning a home, raising kids, or sending them to college. as it turned out, most folks do not like that idea either. just last week, on stage, governor romney decided that instead of changing his plan, he would pretended did not exist. what $5 trillion tax cut? i do not know anything about that tax cut. pay no attention to the tax cut under the carpet, behind the curtain. when he was asked how he would cut the deficit, he said he could make the math work by eliminating local public funding for pbs. by the way, this is not new. this is what he has been saying every time he is asked a question. we can cut out pbs. for all you moms and kids out there, do not worry. somebody is
: in battleground ohio, president obama insists mitt romney's tax cuts will add $5 trillion to the deficit. >> if it's true it's not going to add to the deficit, that leaves only one option, and that's asking middle class families to foot the bill. >> the president's charge of a $5 trillion tax cut is obviously inaccurate and wrong. >> reporter: romney also in ohio mocked the obama campaign's latest ad mocking his plan to cut funding for pbs. >> big bird. big bird. big bird. he's focused on saving big bird is kind of a strange thing in my view because, you see, i'm focused on helping the american people get good jobs. >> reporter: sesame street's now asked the obama campaign to pull the big bird ad, yet there are weightier questions here as congress looks into whether the u.s. was warned of the deadly libya attack. >> twice in the six-month lead-up you had bombings at our compound there in benghazi and it's 9/11 in libya. what other warnings do you need? >> reporter: warnings of trouble now for president obama romney's closing the gap. the latest poll, reuters has them tied, gallup has romney up by
or four point deficit. they need him to step up and do something. >> andrea: they also -- >> eric: stop the slide. >> andrea: they might rely on immediate you to do the dirty work. hostile in an interview that paul ryan had with a reporter. shows the media fury. >> this country has a crime problem. not a gun problem. >> no, if you look at the gun laws we have. i don't think president obama proposed gun laws. we have good strong gun laws. two have to enforce the laws. we have a lot of laws that aren't properly enforced. we need to enforce the law. best thing to prevent the violent crime in inner cities is bring opportunity in the inner city. >> andrea: we cut that. but it goes on where the reporter gets more and more hostile. eventually the press secretary pulls it. are we going to see the media step few the obama campaign is flailing more? >> dana: often the initials you get good interview from local media. if they think they will win a pulitzer prize from that, they're in trouble. paul ryan is smarter than everybody nellis the room. if it comes across that he knows he's smarter than ev
would add to the deficit and romney insists it is absolutely not true. >> he said if he says it's not true, then it's not true. okay. >> reporter: in battleground ohio, president obama insists mitt romney's tax cut will add $5 trillion to the deficit. >> if it's true that it's not going to add to the deficit, that leaves only one option and that's asking middle class families to foot bill. >> reporter: the president's charge of a $5 trillion tax cut is obviously inaccurate and wrong. >> reporter: romney also in ohio mocked the obama campaign's mocking his plan to cut funds for pbs. >> big bird. >> big bird. >> big bird. >> he's focused on saving big bird. kind of a strange thing in my view because you see i'm focused on helping the american people get good jobs. >> reporter: sesame's street now asked the obama campaign to pull the big bird ad, yet there are weightier questions here as congress looks in to whether the u.s. was warned of the deadly libya attack. >> twice in the six month lead up, you had bombings at our compound there in benghazi and it's 9/11 in libya. what other
leprosy to the deficit? >> i think that's his you view. >> so that was a fair interaction. >> one of the problems we have is sort of the jumpiness. andrew sullivan finds a poll, freaks out, and you kind of got to tell him to fall back, and i saw at least on buzz feed they originally ran with the big headline that ryan stormed out of this interview and then people said, well, he ended it early. you get caught up on those kerfuffles. it's a clear illustration of his view. i don't think he was out of line in the way he answered the question. he pointed only to charities to solve these problems. there's reames of research that shows local charities do great work but they cannot conquer the kind of issue that is were on the table there. >> i don't know, to that point, the specific elements of the ryan budget as voted through the house for the fiscal period up to 2013 actually would eviscerate pell grants, kill support of -- whas it called safe start -- head start, and all these provithss for people in low income families where crime is often very high in areas where crime is often very
will do little to cut the deficit. >> somebody is finally getting tough on big bird. rounding him up. elmo's got to watch out too. >> reporter: but elmo is not tickled. sesame street's producers released a statement saying it's not taking sides adding we have approved no campaign ads and as is our general practice, have requested that the ad be taken down. republicans are now calling it the big bird backfire. >> i just find it troubling that the president's message -- the president's focus 28 days from election day is big bird. >> reporter: romney's advisors say it's a surprising tactic given what then-senator obama said in his convention speech in 2008. >> if you don't have a record to run on, then you paint your opponent as someone people should run from. you make a big election about small things. >> reporter: the romney campaign also believes the candidate is connecting better with voters. here getting choked up talking about navy seal glenn dougherty who died in a consulate attack in libya, a man romney said he once met. >> you can imagine how i felt when i found out that he was one o
national deficit has grown through $16 trillion. the president said he was gone to cut that in half, but it doubled under his watch. very disturbing is that when the president came into office there were 32 million americans on food stamps. today its 47 million. there is still an incredible number of ohioans and americans out there struggling. the choice is clear. we can have four more years like the last of zero four. what america needs is a real recovery. only romney and ryan can provide that. host: when the president took office we were losing 800,000 jobs a month. since the president took office, we have 5.5 million additional jobs. truck about the automobile recovering, he saved the automobile industry and 1/88 jobs in the state are reflective of the auto industry. i worked the railroad 41 years. the guys and women working there, they're happy, jumping up and down because they have employment. one out of eight jobs are connected to the auto industry. not only that, the government at the time, strickland, and the president came to and youngstown, my area, and it one of the last
deficit. >> big bird. >> big bird. >> thank goodness someone is getting tough on big bird. >> it is about time. >>neil: big bird is a big joke after mitt romney said he would cut funding to pbs rather than borrow money from china. the obama campaign is take on the governor romney that has the folks at "sesame street" stewing. >> one man has the guts to spoke his name. >> big bird. >> big bird. >> big bird. big. yellow. a menace to the economy. mitt romney knows it is not wall street you have to worry about, it's "sesame street." >>neil: i want that defy to voice my ad. with the debt mounting even big bird is getting nervous. >> look at this. don't worry, don't worry, everyone is printing more money. >>neil: big bird that is not so, we are not cleaning it up, we are bigging deeper. if you can't touch big bird, what can you touch? this is no joke says my guest. his new book is "who is the fairest of them all." he churns these books out so fast but this could boomerang? >>guest: this is my favorite lines in the debate, actually, when mitt romney said maybe we can live without pbs subsidies.
, in 2010 a bipartisan federal commission unveiled the plan to cut the nation's deficit by $4 trillion through a mix of tax increases and spending cuts. the plan was never voted on in congress. do you agree with any or all with what the commission came up with? what other efforts do you think the country needs to take on to cut the country's debt, which now exceeds $16 trillion? >> debt and our deficit are very important issues that we need to tackle and they're a matter of national security. and this is one of the starkest contrasts between congresswoman bono mack and myself. you see, congresswoman bono mack wants to put the deficit and the burden of our debt on the shoulders of our seniors, our middle class and our students. by turning medicare into a private voucher system and charging our seniors $6,000 a year for their health care costs on average, by cutting pell grants and stafford loans who rely on those for their college education and she's voted to increase taxes on the middle class through the ryan plan. all of this in order to keep tax breaks for multi-millionaires and tax
years later left with massive deficits. during his time in the senate, the national debt went up by $16,000. he conceded that spending was a problem in the senate. we also have people who need to know how to work together. i learned to cut crime bills and the economy. my opponent said his job was to not democrats softly. he took this similar position in the senate, fighting efforts led by the then-senior virginia senator. when someone who will fight and that is what i will do is your next to none state senator. >> if mr. allen, your opening statement. >> thank you. it's much better future than what we are having to endure these days. that is why i put forward a detailed plan. my blueprint for america to get an economy and stronger jobs. the question is which one of us can be accounted upon. you may have read an article that was comparing our two governorships. the call me when the most accomplished modern governors with major improvements in public education, safety, welfare reform, and i described how worked with leaders in the other party to get results for the people. the bad economy
.s. >>shepard: specifics? >>guest: he is hailed as a deficit hawk but his own budget doesn't balance until 2040. the olson tws wll b 5 b eme is balanced. >> if you taking youroney, who do you give it to? joe biden and president obama or ryan and ey? ep bon t opant specifics? >>guest: what they --. >>shepard: you are saying you ll not mess with the deficit but you are not adding more tax money. if you don't add more money, how does it wor tabo.eaire >> stimulating the economy, the president has not laid out his plan and they are saying, why doesn't governor romney lay out hisplan. he has done it over and ovend h tedutcug rd >> i would rr ben t side of momentum. >> if you are driving across the country and you say you will do it in 15 years can you not do that unless you speed. that is what mitt romney is sayi >>shd:y saey ll tutit h ld. stands to reason that the american people would go, you should tell us how but they are not going to. >>guest: i think we will hear it from the vice predent. wdov il >>shepard: all right guys, john, john, everyone is john today. we will be in kentucky tomorrow.
administration does not really care about the deficit and how high it is getting. why would you raise the deficit when you owe so much money? it will bankrupt our country. host: what do you do a in redmond, ore.? caller: i am a full-time student at a community college and i also work at a fast-food restaurant to pay bills. host: where are you studying? caller: criminal-justice. host: where are you watching c- span at 6:00 a.m. in the morning in oregon? caller: i get up early allot. earlier, i was watching a different program, in b.c. i think, and i think there were a lot of very baidoa -- nbc, i think, and i think there were a lot of very biased reporters. i switched channels. host: is this your first time watching c-span? caller: no, it is now. i actually watched it a lot. host: that is there a studying criminal justice in redmond, ore.. next up is michael in springdale, another first-time voter. caller: i was flipping through the channels here and listening to a lot of individuals call in and one of the topics that came up is the military. and being a first-time voter, i want to say that as a v
of this bill is a $460 billion deficit. the second cost has a $1.7 trillion deficit. the most cynical give a guy in this bill is something we probably all agree on -- we do not think we should cut doctors' 21% next year. we stopped those cuts from occurring every year the last seven years. according to your numbers, this costs $371 billion. it was in the first iteration of all these bills, but because it was a big price tag and made the score look bad, that provision was taken out, and it has been going on in stand-alone legislation. but ignoring these costs does not remove them from the backs of taxpayers. hiding spending does not reduce spending. when you take a look at all of this, it just does not add up. i will finish with the cost curve. are we bending the cost curve down or up? if you look in your own chief actuary at medicare, we are bending it up. he is claiming we are going up $221 billion, adding more to the fiscally unstable situation we have. when you look at this, it is really deeper than deficits or the budget gimmicks or the actuarial analysis. there really is a difference
out today show mitt romney with a double-digit deficit in his running mate's home state. we will give you the latest spread on that. >>> but first, which president obama is preparing to emerge at the next debate? we'll talk to his campaign's vice chairwoman, next. this is msnbc. ♪ most paints have color that sits on the surface. but nothing beats benjamin moore's color lock technology that locks color right in, no matter how often you wash it. color lock technology. exclusively from your benjamin moore retailer. find your perfect color with a buy one, get one pint offer. visit benjaminmoore.com/promo. >>> well, mitt romney is not backing off of his attacks of president obama's economic policies, no matter what the latest jobs report says. he told a florida crowd last night that the president is out of ideas and says wednesday's debate proved that. >> he got a chance to explain his jobs program. how he's going to create new jobs in america. did you hear what he had to say? i didn't either. i kept looking for a specific plan as to what he was going to do to create jobs. i heard more o
of the major stumbling blocks which i've pointed out people have bought on to the theory as part of deficit reduction we ought to lower the top rate on the highest income people. you lose a ton of revenue there and you can't make it up unless you squeeze the middle class. so if you're going to start out by saying the first thing we do is lower the rate from say 35 to 28 as simpson-bowles does or 25 as ryan does it's virtually impossible do deficit reduction without hurting the middle class. my suggestion intended to break this deadlock, this gridlock we've had on getting a budget deal for the last year and a half, let's get off this thing that the first thing we do is say we're going to lower the top rate. in the presidential campaign, the president's campaigning on letting the rate on the highest income people go back to where it was in the clinton years, that makes sense. now some republicans are saying yeah, we may have to do that. that's the way to get a deal done. instead of the kind of gridlock we've had so far. >> now, one of the other issues is the fiscal cliff and the gang of eight
you pay for that gap? you can either just add it to the deficit or you can close deductions and loopholes for middle class families. that's the mortgage deduction, the child deduction, charitable deduction, and that's been estimated to be about $2,000 for middle class families. that's the math. so he's taking my words out of context. it is a $5 trillion tax cut that he cannot pay for. >> let's just clarify two things there. one is did you say that it was wrong. is he right when he says that? >> no. what i said, piers, was the total of his tax cuts co $5 trillion. now, if he's going to close loopholes and deductions, you know, that cost will be lowered. but it's not going to be lowered enough for this thing to be totally paid for. the only way to do that -- >> i understand that. >> -- is to close deductions for middle class families. >> this is quite important. it's quite important because -- >> he's wrong. >> okay. let's discuss how he's wrong. because what he says is when the president keeps saying as he did in that debate it's a $5 trillion tax cut, you are already concedi
the president was running as a candidate four years ago, he looked at the deficits under president bush and found them to be excessive and unamerican. they're about half as large as the ones he has put in place over each of the last four years. he said he was going to cut the deficit in half. he doubled it. there's no question if he was going to be re-elect, we would see trillion dollar deficits again and again and again. our marshall debt now is almost the same as our total economy, our gdp. this slows down the economy. it makes it harder for businesses to grow and hire more people and to raise wages. so unlike the president, when i finally get this shot, i will cap federal spending. i will cut federal spend and get us on track to a balanced budget. thereby other differences as well. the government is planning on through obama care cutting medicare for our current retirees by $716 billion. i hi that's wrong. i think we must honor the promise made to our seniors. i will restore that funding and make sure we protect medicare. one more thing i'll mention. the president's budget calls for
Search Results 0 to 49 of about 262 (some duplicates have been removed)